Adds particulars from assertion, background MEXICO CITY, Ja
Adds particulars from assertion, background
MEXICO CITY, Jan 12 (Reuters) – Mexico reserves the suitable to retaliate over any restrictions imposed by the USA over Mexican blueberry exports, the nation’s financial system ministry stated on Tuesday, citing protections beneath a brand new North American commerce pact.
Berry exports have been a supply of sustained development for Mexican farmers for years, a brilliant spot for Mexico’s agricultural commerce with main consumers in the USA, together with different farm merchandise like avocados and beef.
Final September, the U.S. Worldwide Commerce Fee launched an investigation into doable harm performed to its home trade by contemporary and frozen blueberry imports.
In an announcement, Mexico’s financial system ministry, which handles commerce, denied blueberry exports have harmed the U.S. trade.
“Mexico reserves the suitable to obtain compensation or to use retaliatory measures” allowed beneath the United States-Mexico-Canada Settlement, the ministry stated, referring to the commerce accord that changed the North American Free Commerce Settlement (NAFTA) final yr.
The ministry added that it might additionally invoke its rights beneath World Commerce Group guidelines if the U.S. authorities approved any new restrictions.
In 2019, Mexico exported $291 million in blueberries to the USA, in accordance with authorities knowledge.
(Reporting by Sharay Angulo; Modifying by David Alire Garcia and Jonathan Oatis)
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